Reference no: EM132779734
Problem 1: For subsequent events occurring during the post-audit period, auditors have a responsibility to:
Select one:
Option 1: examine only events that come to their attention.
Option 2: examine only events that come to their attention and that existed at the date of the auditor's report.
Option 3: discover and evaluate all subsequent events that may have a material effect on the financial statements.
Option 4: none of the options are correct.
Problem 2: When auditing for fraud the auditors should do all of the following except:
Select one:
Option 1: conduct a brainstorming session to discuss the risk of fraud.
Option 2: only investigate areas where all three fraud risk factors are present.
Option 3: examine journal entries and other adjustments for evidence of possible material fraud.
Option 4: consider any unusual or unexpected relationships that have been identified in performing analytical procedures